Mariana Mazzucato on moonshot economics
Mariana Mazzucato, Professor of Economics at University College London, tells Amol Rajan it’s time western governments took a braver approach to the biggest problems of our time – inequality, disease and environmental crisis. In her book, Mission Economy, she argues that capitalism has foundered. Taking inspiration from President Kennedy’s decision in 1962 to put a man on the moon by the end of the decade, she calls for a greater sense of purpose from governments and a bolder public-private cooperation. The former cabinet minister and Liberal Democrat leader Vince Cable looks back over the last 250 years to understand the power politicians have to transform their countries’ fortunes, for better or worse. In Money and Power – The World Leaders who Changed Economics he ranges from Thatcher to Trump, from Lenin to Bismarck to examine the interplay of economics and politics.But what happens when people begin to feel the economy is broken. In Why You Won’t Get Rich the journalist Robert Verkaik aims his ire at capitalism and the failure to treat people fairly. He argues that for too many people hard work is no longer enough to keep them off the breadline. While economic statistics place the UK as the sixth richest economy Verkaik believes too few reap the benefit. Producer: Katy Hickman